Tag Archives: BNM

June 29

Bank Negara flags another 14 unapproved firms, websites

Bank Negara Malaysia (BNM) has added another 14 companies and websites under its Financial Consumer Alert list which are  neither authorised nor approved under the relevant laws and regulations. The central bank said on Thursday the latest number increased the list to 334 companies. “Please take note that the list is not exhaustive and only […]

October 09

Bank Negara revokes 1MDB foreign transfers, orders RM7.5 billion sent home

Bank Negara Malaysia today said that its investigations showed troubled state fund 1Malaysia Development Berhad (1MDB) had secured permissions for investments abroad based on inaccurate or incomplete disclosure of information. In a statement, the central bank said it had revoked three permissions granted to 1MDB for investments abroad totalling US$1.83 billion (RM7.53 billion) and directed […]

August 13

BNM says 1MDB probe completed, recommendations submitted to AG

Malaysia’s central bank has completed an investigation into troubled state fund 1MDB and submitted a report to the attorney general, the bank’s governor, Zeti Akhtar Aziz, told a news conference on Thursday. “The bank has submitted its investigation papers to the attorney general with the recommendation for the appropriate enforcement action,” she told reporters. The […]